Vũ Thị Hậu feeds her fish with bread. — Photo danviet.vnViet Nam News HCM CITY — Using out-of-date bread and sandwiches from supermarkets in HCM City, farmer Vũ Thị Hậu has found a clean source of food for her fish, and earns profits of more than VNĐ500 million (US$21,700) per year. She said that the bread and sandwiches she finds are only passed their sell-by date by a few days, so they were still fine to use as fish food. “I never choose mouldy ones because the fish can develop diseases,” said Hậu. Hậu, 53, was born in the northern province of Bắc Ninh. She moved to the south to set up her business nearly 20 years ago. At that time Hậu, her husband, as well as her children, stopped in Đồng Nai Province. She used her savings to buy a small piece of land and build a house. Hậu and her husband worked so that their children could go to school. She believed that an education was … [Read more...] about Farmer finds success with agricultural programme
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BUSINESS IN BRIEF 15/5
New container port helps shorten way to Europe, Americas PM Nguyen Xuan Phuc on Sunday attended the grand opening of Hai Phong International Container Terminal, which allows direct shipments to Europe and the Americas. Present at the ceremony included Japanese Ambassador to Viet Nam Umeda Kunio and representatives of the city local authorities. The Terminal means exports from North Viet Nam will not have to be transited through other ports before reaching the above markets, thus helping reduce business costs and increase competitiveness of Vietnamese exports. The Terminal is jointly invested by Sai Gon Newport Corporation (Viet Nam), MITSUI O.S.K Lines and Itochu (Japan) and Wan Hai Lines (Chinese Taipei), in which the Vietnamese corporation holds 51% stake. Located in Cat Hai district, it is the first deep-water seaport in the Northern region, capable of receiving vessels up to 160,000 DWT. Construction of the terminal began on May 12, 2016. Vietjet Air to open Hai Phong-Busan … [Read more...] about BUSINESS IN BRIEF 15/5
BUSINESS IN BRIEF 26/4
TTC Sugar purchasing treasury shares The Thanh Thanh Cong - Bien Hoa JSC (TTC Sugar, stock code: SBT) began to purchase shares on April 18 to increase its treasury share (TS) holding and capital surplus, via order matching at market prices. It expects to continue to do so until May 17.Sao Do breaks through with brand powerVND20 trillion in credits for HCMC’s 2018 market stabilizationTaxi operators want ride-hailing cabs to change number plate colorHCMC taxman asks Grab to pay Uber transfer taxMinistry explains delay in announcing RON 95 petrol base price Da Lat flower growers need help: experts Around 300 million flowers from Da Lat are exported to markets such as Japan, South Korea and China every year, but experts say that more active networks among growers and buyers could help the industry reach its full potential. Da Lat has 9,000 hectares devoted to growing flowers, with many farmers using glasshouses which have increased output and profits, up to VND5 … [Read more...] about BUSINESS IN BRIEF 26/4
BUSINESS IN BRIEF 22/4
Vietnam to attend China International Import Exposition Vietnam will display various kinds of products such as farm produce, processed food, consumer products and trade services in 60 pavilions at the China International Import Exposition (CIIE) 2018 which is scheduled to take place in Shanghai city from November 5-10. The Vietnam Trade Promotion Agency (VTPA) under the Ministry of Industry and Trade introduced the event during a press conference in Ho Chi Minh City on April 13. VTPA Director Vu Ba Phu said the expo will create an excellent opportunity for Vietnamese businesses to make inroads into the market, helping narrow the trade gap with China, as well as expand cooperation with Chinese partners and hundreds of other participating economies. To boost exports to China, businesses need to increase the quality of products, build brand names, and improve packaging and designing. At the same time, they need to update information about the market, import-export policies, and … [Read more...] about BUSINESS IN BRIEF 22/4
BUSINESS IN BRIEF 1/4
No door for return of RON92 petrol After RON92 petrol was replaced by E5 bio-fuel for about three months, several enterprises said that the consumption of E5 was lower than that of RON92 and petitioned the authorities to resume the use of RON92. However, experts and businesses have asserted that the use RON92 petrol should not be resumed. Recently, Ho Chi Minh City One Member Limited Liability Oil and Gas Company (Saigon Petro) sent an official document to the Ministry of Industry and Trade and Ministry of Finance, saying that the consumption of E5 bio-fuel in the first two months of 2018 accounted for a very low proportion of the total petrol consumption of Saigon Petro, at over 30% of total petrol consumption, while the consumption of RON92 made up 65% of the total consumption. In addition, the company said that many vehicles that require the petrol standards of E5 or RON92 have to switch to using RON95, with a higher price, which is a waste. The company also recommended the … [Read more...] about BUSINESS IN BRIEF 1/4